IQAX
Innovative Shipping Solutions Powered by Technology

The shipping and logistics industry is ablaze with the force of digitalization, fueled by the application of cutting-edge technologies. By unlocking the potential of digitalization and demolishing data silos, shippers and cargo owners can fortify their supply chains, decrease waste, and unleash unprecedented efficiencies.

Leading the change of this exhilarating digital revolution in the shipping and logistics realm is IQAX, a trailblazing global information technology company.

IQAX distinguishes itself in the industry with its powerful Shipment Tracking API that is underpinned by forward-looking technologies, including artificial intelligence, machine learning, digital twin, blockchain, and the Internet of Things (IoT). The innovative solution empowers companies to lower transportation management costs, enhance shipment management efficiency, reduce the risk of late or mismanaged shipments, and improve the collaboration between supply chain associates.

“Our solution facilitates access to intelligent insights through a unified data model, shipment data, and by expanding visibility into the progress and routing of shipments,” says Romney Wong, CEO at IQAX.

IQAX Shipment Tracking API leverages digital twin technology to enrich, correct, correlate, supplement, and enhance tracking data with predictive estimated time of departure (ETD), estimated time of arrival (ETA), and detected actual time of departure (ATD) and actual time of arrival (ATA).

It collects shipment and schedule data from carriers, location data from vessel IoT technology, and correlates different twins to set up a connected marine world to detect potential truth from the ripple effect of any changes. By combining the data from more than 17,000 live vessel movements, schedules from 29 ocean carriers, more than 7 million pieces of weather data every month, and monitoring data from more than 800 ports and 1,400 terminals, the solution generates a single source of truth.

The predictive model in the API is built on years of historical automatic identification system (AIS) and information analysis from a million vessel journeys covering thousands of ports globally. Leveraging machine learning models, it predicts routes and arrival times weeks in advance. This helps customers come up with better planning for logistics and resources in the last mile. The API makes use of advanced geofencing to deliver detected vessel arrival and departure times that help to improve arrangement of inbound and outbound activities.

The tracking data is frequently validated and enriched by the data engine to provide the most possible truth related to shipment routing and associated vessels. Users can compare the original and enriched versions of tracking data and follow up with carriers to investigate discrepancies or stay alert for unexpected updates that need attention.

With these robust capabilities, IQAX allows shippers, non-vessel operating common carriers, and logistics services providers to optimize supply chains and avoid unexpected costs for demurrage or storage caused by delays at sea or port.

“By helping the industry overcome the myriad challenges it faces every day, we play a crucial role in creating stronger, more resilient, and more sustainable supply chains,” says Romney.

Our solution facilitates access to intelligent insights through a unified data model, shipment data, and by expanding visibility into the progress and routing of shipments

IQAX has a proven track record of helping clients achieve desired results, as evidenced by its numerous success stories. In one instance, its services were solicited by a beneficial cargo owner. Disruptions to shipments due to port unavailability and frequent changes in ETAs made it difficult for their operations team to track shipments and effectively communicate with different teams across regions. The management placed a strategic focus on digitalization, which aligned with the logistics department’s need to increase visibility to overcome multiple shipment challenges during the pandemic. They needed to achieve this target in a short time since time-to-market was a critical point for them.

The IQAX Shipment Tracking API turned out to be instrumental in eliminating the time-consuming and resource-intensive effort of connecting with multiple carriers. The predictive ETAs proved more accurate than those provided by carriers, a useful reference for the operations team. At the same time, detected ATAs were pushed directly into the client’s ERP, which helped notify the operations team whenever it had to make arrangements for downstream logistics.

As a result, the client started receiving high-quality tracking data, which helped analysts drive better results. The Shipment Tracking API ensured access to benefits, including advanced shipment visibility, trusted shipment tracking data, and enhanced shipment updates, which fulfilled both immediate business needs and the company’s long-term IT strategies. This was made possible by building advanced shipment visibility into the company’s systems and allowing the IT manager to save time that would have otherwise been spent connecting with individual carriers.

By propelling physical shipping operations to the next level through digitization, IQAX has solidified its position as one of the leading digital transportation solution providers. Leveraging the power of technological innovation and deep-rooted industry knowledge puts IQAX in an ideal position to help clients move faster along their digital transformation journey.